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[...] – Q3 2014 Merck Group | Business free cash flow by division – Q3 2014 Merck Group | Number of employees as of September 30, 2014: 39,355 Merck had 39,355 employees worldwide on September 30, 2014, compared to 38,154 on December 31, 2013. As a result of the acquisition of AZ Electronic Materials, which closed on May 2, 2014, the number of employees increased by 1,124.
Merck conducts research and development worldwide in order to develop new products and services designed to improve the quality of life of patients and customers. In the third quarter of 2014, we continued to focus on further optimizing the relevance and profitability of our research and development activities and we increased the number of new collaborations with external research and development partners. Nearly 4,000 employees around the world work for Merck researching innovations to serve long-term health and technology trends in established and emerging markets as well as in developing countries. Merck spent around € 504 million on research and development [...]
[...] of activity of the eligible participants. MSUs are virtual Merck shares that eligible executives and employees could receive at the end of a three-year performance period within the scope of the LTIP. As a result of the development of income and expenses described above, the operating result (EBIT) of the Merck Group declined to € 429 million in the third quarter of 2014. Merck’s negative financial result grew by a further €–5 million to € –57 million in the third quarter of 2014. This was due in particular to a negative measurement effect from taking into account the time value of Merck Share Units (MSUs), which could not be compensated for by the [...]
[...] silicon-chemistry-based products for optoelectronics. As of the end of 2013, AZ had a total of 1,131 employees. After May 2, 2014, Merck began to integrate AZ into the Performance Materials division. The aim of the acquisition is to further strengthen Merck’s materials and specialty chemicals business by joining forces with one the leading suppliers of high-tech materials for the electronics industry. The impact of the consolidation of AZ on sales as well as net income after taxes between May 2, 2014 and September 30, 2014 amounted to € 230.8 million and € –37.3 million, respectively. This result takes into account higher cost of sales owing to the step-up [...]
